The S&P 500 index, which includes the shares of the 500 largest companies on the US market, set a new record on the New York Stock Exchange, according to data from the trading platform.
During Friday's trading session, the index gained 32.05 points (0.52%), reaching 6,173.07 points. The Dow Jones Industrial Average added 432.43 points (1.00%), reaching 43,819.27 points. The Nasdaq Composite Index rose 105.22 points (0.52%) to 20,273.46, breaking records for the second consecutive day.
According to experts, the positive dynamics are due to the solid financial results of the companies. “Earnings reports and forecasts were good and that is enough for the market“, the Wall Street Journal quotes Mario Antonelli, a market analyst at Robert W. Baird.